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§ 1-207. Tax Clinics for Low-Income Marylanders Fund

West's Annotated Code of MarylandTax-GeneralEffective: July 1, 2021

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 1. Definitions; General Provisions (Refs & Annos)
Subtitle 2. General Provisions (Refs & Annos)
Effective: July 1, 2021
MD Code, Tax - General, § 1-207
§ 1-207. Tax Clinics for Low-Income Marylanders Fund
“Fund” defined
(a) In this section, “Fund” means the Tax Clinics for Low-Income Marylanders Fund.
Establishment
(b) There is a Tax Clinics for Low-Income Marylanders Fund.
Purpose
(c) The purpose of the Fund is to provide grants to the University of Maryland School of Law, the University of Baltimore School of Law, and the Maryland Volunteer Lawyers Service to operate tax clinics for low-income Maryland residents.
Administration
(d) The Comptroller shall administer the Fund.
Nature of fund
(e)(1) The Fund is a special, nonlapsing fund that is not subject to § 7-302 of the State Finance and Procurement Article.
(2) The State Treasurer shall hold the Fund separately, and the Comptroller shall account for the Fund.
Contents
(f) The Fund consists of:
(1) proceeds distributed to the Fund under § 17-317 of the Commercial Law Article;
(2) money appropriated in the State budget for the Fund; and
(3) any other money from any other source accepted for the benefit of the Fund.
Uses
(g)(1) Subject to paragraph (2) of this subsection, the Fund may be used only to provide grants to the University of Maryland School of Law, the University of Baltimore School of Law, and the Maryland Volunteer Lawyers Service to operate tax clinics for low-income Maryland residents.
(2) For each fiscal year, the total amount of grant money expended from the Fund to support tax clinics shall be distributed as follows:
(i) one-third to the University of Maryland School of Law;
(ii) one-third to the University of Baltimore School of Law; and
(iii) one-third to the Maryland Volunteer Lawyers Service.
Appropriations
(h) Beginning in fiscal year 2024 and each fiscal year thereafter, the Governor may include in the annual budget bill an appropriation to the Fund.
Investments
(i)(1) The State Treasurer shall invest the money of the Fund in the same manner as other State money may be invested.
(2) Any interest earnings of the Fund shall be credited to the General Fund of the State.
Expeditures
(j) Expenditures from the Fund may be made only in accordance with the State budget.
Supplemental
(k) Money expended from the Fund to support tax clinics at the University of Maryland School of Law, the University of Baltimore School of Law, and the Maryland Volunteer Lawyers Service is supplemental to and is not intended to take the place of funding that otherwise would be appropriated for tax clinics.

Credits

Added by Acts 2021, c. 678, § 1, eff. July 1, 2021; Acts 2021, c. 679, § 1, eff. July 1, 2021.
MD Code, Tax - General, § 1-207, MD TAX GENERAL § 1-207
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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